Short Interest in The Bidvest Group Limited (OTCMKTS:BDVSY) Grows By 259.9%

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 15,796 shares, an increase of 259.9% from the April 15th total of 4,389 shares. Based on an average daily volume of 20,146 shares, the short-interest ratio is presently 0.8 days.

The Bidvest Group Trading Up 0.6%

BDVSY stock traded up $0.16 during midday trading on Thursday, hitting $28.33. 908 shares of the company traded hands, compared to its average volume of 21,305. The Bidvest Group has a twelve month low of $24.08 and a twelve month high of $32.00. The business has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $28.45.

The Bidvest Group Company Profile

The Bidvest Group Limited is a diversified services, trading and distribution company headquartered in Johannesburg, South Africa. Operating through a network of autonomous divisions, the group provides a wide range of services that span foodservice, industrial and commercial products, office and print solutions, travel and financial services, automotive aftermarket and freight management. Its decentralized structure allows each division to respond quickly to customer needs while leveraging the broader resources and scale of the group.

In its foodservice segment, Bidvest supplies fresh and frozen foods, beverages and catering equipment to restaurants, hotels, retail outlets and institutional clients.